Honda to invest $70m in RI

JAKARTA : Japan's third-largest automaker, the Honda Motor Co., has unveiled plans to invest some US$70 million in Indonesia in March 2003, according to a statement from the Ministry of Industry and Trade.

It said that associated component industries were also planning to invest some $53 million.

The plans were disclosed during a working visit by Minister of Industry and Trade Rini M. Soewandi to Japan on Wednesday.

During her visit, Rini held several meetings with Japanese officials, including those from the Ministry of the Economy, Industry and Trade (METI), the Japan International Cooperation Agency (JICA) and the Japan External Trade Organization (JETRO). - JP